Noncirculating Chainlink Wallets Move $94.3 Million in LINK to Binance

Two Chainlink noncirculating supply wallets transferred about 7.4 million LINK, valued at $94.3 million, to Binance deposit addresses Friday, putting a large amount of the token into an exchange-linked destination.

The transfers occurred in two transactions at 3:53 p.m. and 4:01 p.m. ET (19:53 and 20:01 UTC), involving wallets labeled Noncirculating Supply 17 and Noncirculating Supply 24.

The transactions moved LINK from wallets associated with Chainlink’s noncirculating supply. The deposits indicate that the tokens reached Binance, but they do not establish that a sale took place.

The transfers bring attention to the movement of a substantial LINK balance into an exchange, where assets can be held, transferred or traded.